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May 1, 2015 20:46:03   #
Sicilianthing wrote:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Wow that says it all... and Consumer Loans plunged to the lows of the 08' crash in February and it hasn't bounced back...

We're in big trouble and it's picking up speed.


"Picking up speed", that's what is more worrisome , and the manipulation/fudged numbers are no longer merged into an upbeat quarter. First there needs to be an "upbeat". Same with unemployment numbers, it is no longer possible to continue the manipulation, and the reason...."picking up speed".
The white house is running out of last minute plays as even the most advent supporters of the present Administration, those reporting economic data, are at a loss as how to continue a positive spin on the failing economy.
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May 1, 2015 20:31:22   #
jelun wrote:
http://www.infowars.com/the-dwindling-us-economy/


Had you read the bottom, you would have read this was a quote from Paul Craigs report, one of my resources. Nice try
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May 1, 2015 20:27:45   #
Richard94611 wrote:
Ha ha ha, Loki. You got me on that one !




G****l w*****g math is a fraud, and finally a proper investigation. When the t***h be told, the cult religion of g****l w*****g alarmists will continue their endeavor regardless, unable to let go of their years of fighting for a false cause, that and humiliation.

http://www.telegraph.co.uk/comment/11561629/Top-scientists-start-to-examine-fiddled-global-warming-figures.html

http://dailycaller.com/2015/02/20/republicans-to-investigate-climate-data-tampering-by-nasa/
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Apr 30, 2015 20:36:05   #
J Anthony wrote:
The problems with the economy and monetary policy have been building up for decades. All was not well pre - Great Recession, which I'm sure you realize.
It's way past time to get to the root of the problem. The government sold out it's power to create and regulate money a long time ago. In a system in which money comes into existence only by borrowing at interest from a private central-banking regime, the system as a whole is always short of funds, and somebody has to default. In order to keep money in the system, some major player has to incur substantial debt that never gets paid back. This role has officially been played by the federal government since 1913.
Economists will continue to chase their own tails, confusing themselves and the public with endless jargon and pretensions; this is all by design. The less the public care or understand about monetary-system mechanics, the easier it is for it's prime beneficiaries to perpetuate this sleight-of-hand.
At the center of this grand scheme is the illustrious Federal Reserve, perhaps the most powerful and secretive institution on the planet. The veneer of government oversight is just that, as in reality the Fed is a private corporation owned by a consortium of large multinational banks. For a hundred years our government has allowed them the authority to create and control our money-supply, which goes against the Constitution. Any politician or government official who has dared to challenge the all - powerful Fed is often ignored, marginalized, or destroyed. Why?
Are we so afraid to challenge the established order, even when that order is so obviously corrupt and immoral? Are we so blinded by our righteousness that we cannot acknowledge that the greatest country in the world was built on a foundation of greed and power-lust? However enlightened and influential our founders may have been, even they could not evade the old- world money-power. We have been living under the same type of system our colonial ancestors revolted against.
Nothing will change until we understand the root-cause, and work to rout out those in our government who lack the moral courage to do what's just.We must take back our sovereign, constitutional right to create our own debt-free currency and have a say in policies that affect everyone.The alternative is to wait out the inevitable: soon the interest on the odious national debt will be more than the taxpayers can afford, the system will collapse, everyone will be blaming eachother and God - knows what chaos and despair will ensue. The powers-that-be will have gotten away with another economic c**p d'etat. I don't know about you, but I'd rather see the good citizens of this country unite against our planned demise.

"The world is a dangerous place, not because of the people who are evil, but because of the people who don't do anything about it."
-Albert Einstein

"The disposition to admire, and almost worship, the rich and powerful, and to despise, or, to neglect persons of poor and mean condition is the great and most universal cause of the corruption of our moral sentiment."
-Adam Smith
The problems with the economy and monetary policy ... (show quote)



J Anthony, that was well thought out, short, concise response and Excellent quotes. 1913 and Woodrow Wilson was the beginning, some would argue pre/post 1913. Socialist economics bleed into a capital system of economic governess. I believe the second turning point was the new deal via Theadore Roosevelt further extending the great depression, while giving birth to a government run nanny state. Third was Nixon caving to the left, and the petro dollar was born 1973. Over the years more socialist entitlements, NAFTA, corruption, lobbying, Clinton/bush era. Obama introduced america to the new t***sformation and c*******t agendas in fulfillment, the king syndrome who is above law and a run for expanding government with entitlements exceeding 74% of GDP (74%=breaking point).
We now are so entangled from the root problem, warped in-between socialist/capitalism economics and crony capitalist where does one begin unwinding to find the root? I find in discussing economics that once semantics are clear both sides agree that socialist economics is futile and the crony capitalism is equally futile, leaving capitalism unadulterated and unimpeded by regulations and government the most thriving economic viable solution.
Unfortunately the level of destruction on America's economy's, and the interlocking world's economy dictate a complete collapse, or miraculous intervention from God to complete a 180. America rejected God, so sadly that leaves collapse.
Again great reply,
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Apr 30, 2015 19:06:40   #
jelun wrote:
I couldn't possibly.
He is not talking about anything.
He posted an infowars cut and paste.


I'm not an infowars fan when economics and facts cross over. ShadowStats is a reliable source, even for first time learners.
I'm curious that your lack of response in negative tones as usual, is mostly absent from this topic? What, no input to our state of the economy?
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Apr 30, 2015 14:22:13   #
Richard94611 wrote:
He will probably say that when the dollar is "stronger," people in foreign countries have to pay more in their local currency to buy goods made in the USA, and that they will switch because of this to cheaper goods made elsewhere, and that this will reduce our exports and diminish the volume of trade we have with other countries.


Your on board with one of the effects of an ongoing strong dollar, which is great if planning a trip abroad, but not so good if your making and selling widgets to India, China, Russia and a host of other countries.
I'm sure Honda, Toyota are happy with returns on one side, yet when the yen vs dollar coin flips it becomes problematic for trade.
Second quarter manufacturing numbers will no doubt be far below expectations, but no doubt projections are be revised as we speak,
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Apr 30, 2015 14:09:40   #
jelun wrote:
breath?


Breadth. Ok jelun, glad you can pick pepper out of fly s#@t. Any comments on the original article? Do you believe América is pulling out of the recession, stocks are great, the dollar strong, cost of oil digestible? Or contrary to mainstream media, the next shoe is about to drop?
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Apr 30, 2015 11:49:40   #
c.murray132 wrote:
Not sheer paranoia, there is evidence that the IRS was used to interfere with conservative groups, and sometimes a little paranoia can be a healthy thing...let's see what the "missing" Lerner emails show.


Her response is common of the left uninformed, just as using r****t when they have no other response.
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Apr 30, 2015 11:44:02   #
Pulfnick wrote:
Have you looked in the mirror lately? "Your comment lends a complete lack of understanding of our economic position, global and or macroeconomics."


Actually I have a pretty good idea, in an attempt to open more points of discussion to the readers. Please enlighten us on the breath of your understandings, cause, effects and predictive insights of the CPI, CPI-U, C-CPI-U, as it faces revisions? I'm sure your insights on CPI-W and cost of wage adjustments, or CPI-U -RS and how the methodologies changed in the early 1980s so we are now using ___-_ fill in the blanks?
Or maybe stop the grandstanding and join the discussion, because after the last seven years the economy, expectations has outsmarted a majority of the most gifted economists. But there is one certainty, it's just math and with all the manipulation over the last several years coming into focus..there has been no recovery and the light of Americans future economic prosperity is becoming dimmer with each newly released quarterly report.
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Apr 30, 2015 11:07:05   #
jelun wrote:
That is true, but two months ago the complaint was that President Obama was ruining the value of the US dollar.
This is also true, the global economy is shaky.
Caution is natural in this climate.
Private corporations drive the economy...next hue and cry the age old complaint about regulations.
Nothing new.
Uncertainty makes decisions harder to make and greed makes for risk aversion. Manipulations in the f****l f**l market make for tough situation assessment as well.



Small business drives the economy, unless your obama. Which is why obama put all his chips in two places, government jobs as the driver and Wallstreet. Completely disregarding moves of the international community to remove themselves from the petro dollar, oh and adding an additional 70,000 plus pages of regulations during a historic time of more business's closing than opening. Looks good for the short term, but reality is catching up, as we see in the GDP numbers. Soon the manipulation of unemployment will come clearer into focus, removing yet another topic of argument among those on opposite sides of the Isle.
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Apr 30, 2015 04:59:51   #
Weasel wrote:
How does a stronger dollar weaken the economy?
I never heard that on before. I do not understand.



Your comment lends a complete lack of understanding of our economic position, global and or macroeconomics. What's driving Wallstreet? What are the effects countries turning from the petro dollar? When the fed has no buyers for T-bills, what happens? When Obama sent over 3.5 Trillion to Wallstreet not mainstreet, what are the effects long term? When the economic data states new home construction is up, yet lumber, concrete, is down what does that mean? When unemployment numbers come out, what is the BLS not telling us about U3 and U6? corporations have been at an all time historic high, buying back their stock, rather than expanding in R&D or brick and mortar, what does that mean? The last seven years there have been more business's close than open, comment's? Please explain if you understand how the policy makers come to use these.
They use key factors in the PDS called BRITS. B =borrowing costs, R=real inflation, I =inflation, T= taxes, S =spending.
R plus I = total value of goods and services produced also call nominal gross domestic product (NGPD)
Taxes minus spending is primary deficit which is the excess of what a country spends to what it collects in taxes (spending doesn't no count interest on national debt)
So deficit is sustainable if economic minus interest expense is greater than the primary deficit. It doesn't much matter what debt is but the trend as a percentage of GDP (to a point, I think we have over extended that point) but this is why experts always say 18 trillion debt doesn't matter.
So when you see the gov. numbers it means basically sustainable looks like this.
(R plus I)-B is greater than IT - SI it is sustainable. If (R plus I) - B is less than IT - SI it is not sustainable.
They make it sound like it is a process that is way to complex for us to ever understand and that is the whole formula used that took them 8 years of college to figure out. But maybe you can explain why a high dollar can exist in negative growth. First it starts with lies, With Fed mouthpiece Jon Hilsenrath warning - in no lesser status-quo narrative-deliverer than The Wall Street Journal - that The ECB's actions (and pre-emptive collapse in the EUR) means the U.S. economy must deal with a rapidly strengthening dollar that will make American goods more expensive abroad, potentially slowing both U.S. growth and inflation; and Treasury Secretary Lew coming out his crypt to mention "unfair FX moves," it appears The Fed (and powers that be) are worrying about King Dollar. This suggests, as Mises Canada's Patrick Barron predicts, the Fed will start charging negative interest rates on bank reserve accounts as the final tool in the war on savings and wealth in order to spur the Keynesian goal of increasing “aggregate demand”. If savers won’t spend their money, the government will take it from them.
Lastly in a sentence, the stronger dollar can be better explained when looking at world currencies, oil, and the major players ...Bank's.
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Apr 30, 2015 04:16:05   #
fiatlux wrote:
This is another nail in the coffin of the US. The Right is completely undermining our system of government. Their attacks on Obama work to encourage ISIS and other enemies. This is treason!





252 documented lies!!!! Is it attack? Perhaps your ok with the greatest liar in history? As we know all presidents in recent history have been liars, yet none to the Extreme deceptive, and deliberate documented ones of our compulsive liar in chief, Obama.
http://www.infowars.com/252-documented-examples-of-barack-obamas-lying-lawbreaking-corruption-cronyism-etc/
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Apr 30, 2015 03:56:38   #
Liberals love to quote Obama, and the "recovering economy, unfortunately lies have yet to produce job's, but has lured the sheeple into a false sense of security. Soon it will prove out that Ferguson and Baltimore are nothing more than a proving ground for Obama, and his t***sformation of America. Every liberal two time obama v**er will go into the history books as contributors to the destruction of America.

The announcement today (April 29) of a barely positive GDP first quarter 2015 growth rate of 0.2 percent (two-tenths of one percent) is an intentional exaggeration.

Today’s GDP report is the “advance estimate.” There will be two revisions, with the first occurring in one month on May 29.

Although the “consensus estimate,” which is Wall Street’s estimate, declined dramatically over the past month, the consensus estimate was for 1.0 percent.

The BEA’s advance estimate bears the burden of impact on financial markets even though it is the least reliable estimate. Subsequent revisions receive much less attention. Because of its market impact, the advance estimate is fudged by the Bureau of Economic Affairs (BEA) in order not to upset financial markets keyed to the consensus forecast.

All indications are that the first quarter experienced negative GDP growth, that is, a decline from the previous quarter. However, if BEA reported a negative GDP when the financial markets were relying on positive real growth, the government’s Plunge Protection Team might be unable to prevent a substantial market decline.

Therefore, the BEA in its advance estimate reported a barely positive result that kept GDP out of negative territory. This gives financial markets a month to undergo an orderly reduction prior to the first and then second revisions of the advance estimate, or simply to forget the poor performance altogether until the second quarter advance estimate.

Maintaining stability and not shocking financial markets is now ingrained in US economic reporting. No government statistical department wants to be blamed for crashing the financial markets. So bad news leaks in slowly if at all.

Indications are that the second quarter 2015 will also have negative GDP growth, that is, a further decline. As John Williams (shadowstats.com) is likely correct that there has been no recovery from the prior recession, just bottom bouncing with stock and bond markets driven by the Fed’s outpouring of liquidity, the first half of 2015 will signal a second downturn in the US economy which is collapsing as a result of jobs offshoring and a deregulated financial system.

The real economic outlook, which will emerge from BEA in a month or two, should be obvious to anyone who had the introductory course to macroeconomics. The economy depends on consumer spending. Consumers have two ways of spending more. One way is from rising incomes. The other way is from rising consumer debt.

With the advent of jobs offshoring, real median family incomes ceased to rise. The ability of consumers to substitute larger debt burdens for the missing growth in their real incomes was used up by Federal Reserve chairman Alan Greenspan’s policy of expanding consumer debt in order to fill in for the missing growth in consumer income. Today consumer debt levels are too high for consumers to incur more debt. The only element of consumer debt showing an increase is student loans.

The offshored jobs were not replaced with the promised “New Economy” jobs. No one has seen any sign of the mythical New Economy jobs. The “New Economy” is the t***sformation of the once powerful US economy into a third world labor force where new jobs exist only in domestic non-tradable services (services that cannot be exported) such as retail clerks, hospital orderlies, waitresses, and bartenders. As there are not enough of these jobs to go around, the labor force participation rate has dropped sharply.

The United States is an economic basket case. Washington has given away the US economy to Asian countries with lower labor costs. The owners and mangers of capital have benefited, but the vast bulk of Americans have suffered. As capital’s owners and managers are not sufficiently numerous to drive the economy with their expenditures, the fabled American economy is no more.

What will bring the US economy out of the second leg of the downturn? If massive federal budget deficits and zero interest rates could not correct the first leg of the downturn, what does fiscal and monetary policy have left in its arsenal?
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Apr 29, 2015 13:38:04   #
Anigav6969 wrote:
The only one that was able to open, is a total opinion piece....by the way, I can see the argument that not every state can handle $15 minimum wage..and I'm not saying it has to be $15...how about even $10 ? most of the country supports this...I do as well


Most entry level positions pay $10. Or more out of competition already. Even McDonald's averages well over minimum wage.
I firmly believe government has zero place in wage mandates of private business. I agree with most safety mandates, building codes, but most regulation and mandates are originated by i***ts completely unfamiliar with the businesses they write regulations and mandates for. More often than not negative consequences are derived from government interference.
Raising min wage has diminishing returns when factoring in price increases for goods and services passed on to the min wage earner, returning the min wage earners back to where they started.
As for the links, copy and paste into the url. You state opinion, ok fair enough in part, however until a few weeks ago the Seattle metro was my home and the stair step min wage is (IS) A biz K**ler, with fallout reaching supportive businesses, drivers, warehouses, ad agencies, suppliers, construction, and on goes the list of a genuine bomb! A testament is the Seattle times new paper help wanted section. In 2007 the help wanted section comprised a dozen ++ full pages, 2012 it was down to two plus pages....now a quarter page and that would be the Sunday paper, the weekly even less. Most of the employment offered in the Seattle times offerings, are not even in Seattle but rather neighboring cities, which at times increases the size of the help wanted section.
Employer's have cut back total number of employees due to wage hikes, and in part ACA, while other businesses closed due to manageable yet narrow profit margins, other business have projected closure dates sequenced with the min wage stairstep increases.
I would not argue a needed solution, and the knee Jeri response to wage increases but it doesn't math out in most small private businesses. A better solution would be obama having a heart attack along with most of congress and the Senate. Repealing NAFTA, reorganizing corporate tax code encouraging a rebirth in domestic manufacturing and new business startup, repealing 3/4 of ridiculous regulations for a start.
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Apr 29, 2015 13:38:03   #
Anigav6969 wrote:
The only one that was able to open, is a total opinion piece....by the way, I can see the argument that not every state can handle $15 minimum wage..and I'm not saying it has to be $15...how about even $10 ? most of the country supports this...I do as well


Most entry level positions pay $10. Or more out of competition already. Even McDonald's averages well over minimum wage.
I firmly believe government has zero place in wage mandates of private business. I agree with most safety mandates, building codes, but most regulation and mandates are originated by i***ts completely unfamiliar with the businesses they write regulations and mandates for. More often than not negative consequences are derived from government interference.
Raising min wage has diminishing returns when factoring in price increases for goods and services passed on to the min wage earner, returning the min wage earners back to where they started.
As for the links, copy and paste into the url. You state opinion, ok fair enough in part, however until a few weeks ago the Seattle metro was my home and the stair step min wage is (IS) A biz K**ler, with fallout reaching supportive businesses, drivers, warehouses, ad agencies, suppliers, construction, and on goes the list of a genuine bomb! A testament is the Seattle times new paper help wanted section. In 2007 the help wanted section comprised a dozen ++ full pages, 2012 it was down to two plus pages....now a quarter page and that would be the Sunday paper, the weekly even less. Most of the employment offered in the Seattle times offerings, are not even in Seattle but rather neighboring cities, which at times increases the size of the help wanted section.
Employer's have cut back total number of employees due to wage hikes, and in part ACA, while other businesses closed due to manageable yet narrow profit margins, other business have projected closure dates sequenced with the min wage stairstep increases.
I would not argue a needed solution, and the knee Jeri response to wage increases but it doesn't math out in most small private businesses. A better solution would be obama having a heart attack along with most of congress and the Senate. Repealing NAFTA, reorganizing corporate tax code encouraging a rebirth in domestic manufacturing and new business startup, repealing 3/4 of ridiculous regulations for a start.
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